GPU Market Surges in Q2 2024: NVIDIA Dominates, AMD Holds Ground, Intel Struggles
The global graphics processing unit (GPU) market defied expectations in the second quarter of 2024, experiencing a notable increase in sales. According to a report from Jon Peddie Research (JPR), worldwide GPU shipments rose by 1.8% compared to the previous quarter. This growth is particularly surprising given the historical trend of declining sales during the second quarter.
NVIDIA’s Continued Dominance
NVIDIA once again solidified its position as the leading player in the GPU market. The company’s market share grew by 2% in Q2, further cementing its dominance. This growth was primarily driven by strong demand for NVIDIA’s GeForce RTX 40-series graphics cards, which are highly sought after by gamers and professionals alike.
Intel Struggles to Gain Ground
Intel, on the other hand, faced challenges in the GPU market. The company’s market share declined by 2.1% in Q2, indicating a continued struggle to compete effectively against NVIDIA and AMD. Intel’s Arc graphics cards have yet to gain significant traction in the market, and the company faces an uphill battle to increase its presence.
AMD Maintains a Steady Position
AMD maintained a relatively stable position in the GPU market. While the company’s market share experienced a slight increase of 0.2%, it was not as significant as NVIDIA’s growth. AMD’s Radeon graphics cards continue to be a popular choice for gamers and professionals, but the company faces intense competition from NVIDIA.
Desktop and Laptop GPU Sales
The growth in GPU sales was driven by both desktop and laptop markets. Desktop GPU shipments saw a substantial increase of 21% in Q2, while gaming laptop sales grew by 13%. This indicates that consumers are increasingly investing in powerful graphics hardware for gaming, content creation, and other demanding applications.
The Future of the GPU Market
The overall outlook for the GPU market remains positive. JPR predicts that the market will continue to grow at a rate of 4.2% per year through 2026. However, the industry faces several challenges, including ongoing supply chain issues, geopolitical tensions, and economic uncertainty.
